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e 11 a S March 17, 1978 I Honorable William C. Wodtke, Jr. Page Two f 3. Establish a bank account and/or purchase authorized investments for the "Solid Waste Disposal System Sinking Fund Reserve Account" in the amount of $100,000.00. 4. Establish a bank account and/or purchase authorized investments for the "Solid Waste Disposal System Facilities Construction Fund" with the remaining proceeds of the bond sales in the amount of $192,541.25. We recommend that the County take immediate corrective action to comply with the "covenants of the Bond Resolution. 001 ailtt,'& Baker, Chartered Certified Public Accountants CHAIRMAN WODTKE DISTRIBUTED COPIES OF THE REPORT TO THE BOARD AND INFORMED THEM THAT THE CLERK HAS RECEIVED A COPY OF THIS REPORT. AS BACKGROUND, THE CHAIRMAN INFORMED THOSE PRESENT THAT THE BOND RESOLUTION WAS DELIVERED TO THE CLERK'S OFFICE AND WE RE- QUESTED NUMEROUS TIMES INFORMATION AS REQUIRED BY THE BOND AND BY THE INTERGOVERNMENTAL COORDINATOR TO BE SURE WE WERE MEETING THESE OBLIGATIONS. WHEN THE POINT WAS REACHED WHERE WE DID NOT FEEL WE COULD OBTAIN ENOUGH INFORMATION TO BE SURE WE WERE IN COMPLIANCE, WE THEN HIRED AN OUTSIDE CPA TO SEE IF WE WERE, IN FACT,.IN COMPLIANCE, AND THIS IS THE REPORT SUBMITTED BY HAMILTON & BAKER AS ABOVE. CHAIRMAN HIODTKE EXPRESSED CONCERN THAT THIS BOARD AND THE CLERKS OFFICE HAVE NOT COMPLIED WITH THE BOND RESOLUTION AND ALSO WITH THE FACT THAT THE BOARD HAS NOT BEEN ABLE TO GET THE NECESSARY INFORMATION TO DETERMINE THIS WITHOUT HAVING TO GO TO AN OUTSIDE FIRM, THE CHAIRMAN NOTED THAT HE HAS HAD OCCASION IN THE LAST FEW MONTHS TO BE IN CONFERENCE WITH THE CLERK ABOUT CONCERNS OF THE BOARD AND FEELS THERE ARE OTHER AREAS WHICH SHOULD BE DISCUSSED. HE STATED THAT THIS BOARD HAS NOT HAD THE TYPE OF SERVICE FROM THE CLERK THAT WE FEEL IS NECESSARY FOR THE BOARD TO FUNCTION AS REQUIRED, AND HE BELIEVES THAT.WE SHOULD NOTIFY THE CLERK OF THIS AND REQUEST 30 MAR 12 2 197 BOOK 4 PAGE 11